• Are the disappointing statistics the end of the USD leadership?

    European and Asian indices are trading in a negative territory due to the USA and North Korea escalated tension. The main beneficiaries of this situation are defensive assets, including the Yen, the Swiss franc, and Gold.

  • What’s wrong with the Phillips curve in the US economy?

    One of the strengths of the July NFP was primarily the increase in wages by 0.3%. Given the high consumer expectations, the increase will give hope for growth in the July consumption, and thus will provide inflation improvement.

  • No more rate hikes this year?

    The current rise in Gold prices suggests that participants are less likely to believe in a third rate hike this year. In the light of this information postponing the rise to the next year is undoubtedly a bearish signal for the Dollar.

  • Gold takes a step forward

    The Dollar is falling, as Mario Draghi is giving a hawkish market rhetoric, even though ECB is playing their cards close to their chest.

  • The markets seem to be cooling down

    The Risk attitude in the global market is very “friendly”, as VIX went below 10 points – a historical record of calm. Gold and the Japanese Yen are trading in the red zone despite the weakness of the US currency.

  • The European currency is on a hike

    Investors hurry to take a comfortable position about the Euro before the ECB makes a global turnaround in the monetary policy. On Wednesday, the common currency is going to test the level 1.14.

  • May’s powerlessness in the struggle for power is growing

    The pound is relatively stable despite the possibility of a governmental collapse. The leader of the Conservative party, Theresa May, is likely to step down if she is unable to conclude a coalition with the Democratic Unionist party.

  • Trump denies obstruction of justice in FBI probe

    The president of the United States Donald Trump denied obstructing justice in the investigation of Moscow’s meddling in the US presidential election in 2016. The wave of speculation was triggered by a tweet, according to which the president “had no idea” about the existence of conversation “tapes” with the former FBI chief James Comey, while […]

  • Pessimism on the Oil market is growing

    Oil prices resumed their declines after a 5% drop on Wednesday, as the EIA reported an increase in the commercial inventories of the US. Meanwhile, the ECB keeps the rates unchanged.

  • Aussie soars on upbeat GDP data

    The GDP of Australia rose 0.3% in the first quarter, in line with the forecasts. The country took the lead from the Netherlands for the longest period of continuous economic growth.

  • EBC is seeing the EUR in a new light

    After Trump’s elections, the political factors seems to have outweighed the FED. If you carefully consider the investors’ reflation rate, which caused an unprecedented increase in the American assets, it seems that the Keynesian theory is taking place.

  • API reserves bring optimism to the markets

    Yesterday’s drop in the Oil price can also be regarded as a speculative manoeuvre, through which market participants are trying to find a stable ground for growth

  • More loans, less market confidence

    Moody’s Investors Service downgrades the credit rating of the Chinese economy. According to the agency, even with the implementation of structural reforms by the Chinese authorities, pursuing the official economic targets will inevitably inflate the public debt in the medium term.

  • Is Trump trying to sabotage the FBI investigation?

    Either choosing cooperation or obstruction Trump will still shoot himself in the foot, as the Russian relations with the US elections cannot be swept under a rug any longer.

  • Bank of England Keeps Rates on Hold

    The BoE’s Monetary Policy Committee voted unanimously to keep the central bank’s record low interest rates on hold and the rate of bond purchases at their current levels.